Currency Exchange in Australia
Many expats moving to Australia worry over the ability to conduct Currency Exchange in Australia once they arrive in the country. Hopefully, Australia uses AUD, or the Australian dollar, in transactions. This strong currency is easily tradable around the world and strong enough that expats should never have to worry about investments. Consult with a currency exchange broker to find out the best rates for exchanging money overseas.
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With Currency Index, expats in Australia can save money on international payments and transfers. This UK-based foreign exchange firm offers great exchange rates, low-fee recurring payments, personalised advice and 24/7 customer service. Transactions above £30,000 are free of any charge.
Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
An expat’s investments need protection from currency fluctuations. Moneycorp helps expats in Australia buy or sell foreign currencies at a scheduled and arranged rate. This feature guarantees that money transfers will be processed based on a fixed rate in the future. Moneycorp’s team of experienced specialists are ready to assist expats wherever they may be.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments